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TRS Illinois commits $450m in total to three funds

The US-based public pension's largest investment is going to Garcia Hamilton.

Institution: Teachers’ Retirement System of the State of Illinois
Headquarters: Springfield, US
AUM: $65.4 billion
Allocation to alternatives: 33.8%

Teachers’ Retirement System of the State of Illinois has confirmed $450 million of private debt commitments.

The commitments were comprised of three funds: $300 million to Garcia Hamilton – Low Duration, $100 million to Locust Point Senior Mortgage Fund and $50 million to Sixth Street Mid-Stage Growth Partners, according to a recent press release.

While TRS has renewed its relationship with Sixth Street, Garcia Hamilton and Locust Point Capital administrate a large proportion of TRS Illinois’s assets. Garcia Hamilton administrates $302.3 million and Locust Point administrates $15.9 million of the assets.

Within the institution’s $65.4 billion portfolio, previous fund commitments have been overwhelmingly focused within the North America region. The commitments made to the funds range from $50 million to $150 million.

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